Moe Howard Posted July 30, 2003 Posted July 30, 2003 New adoption agreement for existing PSP says that the existing MPPP will be merged into PSP on 01/01/02. Participants are provided with an ERISA 204(h) notice on a timely basis. However, the MPPP assets are not transferred out of the name of the MPPP ... and into the name of the PSP until July 2003. I realize that a Form 5500 (for year 2002 & 2003) has to be prepared for the MPPP .... because assets still existed in the name of the MPPP during 2002 & 2003. MY QUESTION: Does the employer still have to make MPPP contribution for" full year 2002" and "partial year (Jan -July) 2003" ? (Any ERISA or IRC literature you can direct me to as support will be appreciated. I have a board meeting in two days and I have to present this matter). THANKS!
WDIK Posted July 30, 2003 Posted July 30, 2003 Try these threads: Due date for Final 5500 after Merger MPP PSP Merger / 5500 ...but then again, What Do I Know?
E as in ERISA Posted July 30, 2003 Posted July 30, 2003 Merger is different than termination. If your plan and trust amendments were done properly, then the last day for the MPPP would be 1/1/02 -- with possibly a one-day filing for 2002 and no filing for 2003.
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